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Care Property Invest NV has entered into a new agreement with Hestia Group to operate two Belgian residential care facilities, La Repose and New Beaugency. The company said the arrangement offers a sustainable solution following an operator change and will have only a very limited impact on earnings per share for the 2026 financial year and beyond. The move aligns with Care Property Invest's broader approach of stabilising assets through diversified operators amid ongoing challenges in the European senior care sector.
Care Property Invest NV has concluded a new agreement with Hestia Group, appointing it as the operator for two residential care locations in Belgium La Repose and New Beaugency. The arrangement follows a period of transition at these facilities and is aimed at ensuring continuity of care and operational stability. Advertisement
The company indicated that the agreement provides a sustainable operating solution for both sites. Management assessed the financial implications and said the impact on earnings would be minimal. According to the company, the effect on earnings per share for the 2026 financial year and the years after that is expected to be very limited.
Care Property Invest, which focuses on healthcare real estate across several European markets, has previously faced operator changes at individual assets as the senior care sector adjusts to rising costs, staffing pressures, and tighter regulatory requirements. In recent years, the company has worked to reduce risk by diversifying operators and securing long-term lease arrangements that balance financial stability with care quality.
The appointment of Hestia Group fits into this broader strategy. By bringing in a new operator with experience in residential care, Care Property Invest aims to safeguard rental income while ensuring that the facilities continue to meet operational and regulatory standards. The company did not disclose financial terms of the agreement but stressed that no material disruption to its earnings outlook is expected.
Source Reuters
5th Jun, 2025
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